It’s always nice when you have the world’s richest man on your side, right? Dogecoin is a good example. It seems Elon Musk has taken a shine to the dog-themed meme coin. And just by osmosis, then DOGE pumps, SHIB seems to pump a bit too. What Elon should really do if he wants to help Americans become financially independent is to encourage them to invest in building a diversified portfolio and hold high conviction assets for the long haul.
Uniglo (GLO), for example, is a project that should and just might get the attention of guys like Musk, who owe it to the people not to provide misleading investment advice but rather to steer us all in the right direction. And the Uniglo community definitely plans to reach out to Musk to let him know — that is after the platform launches in mid-October.
Uniglo is an investment DAO that is designed specifically to benefit early adopters and long-term investors while discouraging short-term traders who can do damage to a token’s price by leveraging to the hilt. How does GLO help rainy-day investors and discourage volatility? Let’s look at GLO tokenomics.
For starters, 2% of every aftermarket transaction of GLO tokens is automatically burned by the smart contract. And since no new tokens will ever be minted, this means that the circulating supply is eternally deflationary.
Second, aftermarket sales of GLO incur a 5% royalty that is raked into a common treasury. Both buyers and sellers pay the royalty; thus, money is always flowing into the treasury no matter which way the market is headed. And the more volatile the market, the faster the treasury grows.
All holders of GLO get to vote on how the treasury is used. It can be invested into anything that can fit in a crypto wallet. That would include not only crypto and NFTs (the good ones) but also tokenized real-world assets like gold, real estate, and fine art. Anything that can be tokenized (and everything will be someday) is fair game. At first, the treasury will be small, but with money flowing in, it won’t be long before the value of the treasury is greater than the circulating supply of GLO. At this point, there’s nowhere to go but up, as accountable assets will fully back GLO. That’s something very few altcoins can boast about.
Uniglo is currently hosting an initial coin offering prior to launch. There’s one month left to go on the ICO, and it could sell out long before launch, so if you’re interested in joining this investment community, we suggest you not dawdle. You can get in on the presale at the Uniglo.io website. While you’re there, check out their innovative whitepaper for more info.
Learn more here
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1
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